Whistleblower resurfaces; requests regulators to question Infosys Board for accountability, questions Panaya sale plan

A day after Infosys said it started seeking suitable sell out options for Skava and Panaya, which were acquired by the company’s controversial CEO Vishal Sikka, a fresh whistleblower email on Saturday questioned the company’s decision to sell these and requested market watch dogs, SEBI and SEC, to question the board of the company on why it changed a ``strategic acquisition to a completely valueless one’’ and decided on a sell off.

Infy forecasts revenue rise, flags special dividend

Infosys on Friday forecast its revenue in the current fiscal year would rise by 6 to 8 per cent as India’s second-biggest software services exporter said it would pay shareholders a special dividend.

Infosys decides to sell Panaya

Infosys on Friday said it has decided to sell its subsidiary Panaya -- the Israeli firm whose acquisition became a contentious issue between the founders and the erstwhile management led by Vishal Sikka. The Bangalore-based firm is also looking at offloading its other subsidiaries Kallidus and Skava.

Flipkart moves into swanky new address in Bangalore

Google probably had the “coolest and smart’’ workspace in Bangalore some 10 years ago, and its employees were literally pampered with exotic fruits, expensive nuts and exclusive chocolates, of course in addition to a lot of fun and frolic on the floors. Now, Flipkart executives in the city are a proud and happy lot as they have a swanky and all new place to go to work. India’s homegrown e-commerce player, Flipkart, has recently consolidated its presence in the city by moving into a 8.3 lakh square feet office spread across 30 floors with a seating capacity of 7,387.

Mild revenue growth ahead for IT industry

The March ending quarter is usually a weak quarter for the Indian software industry, as it is a period for clients to rework their IT budgets. Customer requirements are drastically changing and on the top of it the industry has been facing frequent anti-outsourcing rhetoric and visa clampdowns in key customer markets.

Karnataka gamechanger: Divided Lingayat voters

The Siddaramaiah government’s granting minority/religion status to Lingayat community seems to have put arch rival BJP in a Catch- 22 situation in Karnataka. The Lingayat factor has the potential to change the game for the BJP in Karnataka, in other parts of south India and even across the country.

IBS readies $100 mn to fund its play

IBS Software Services has chalked out its plans for another round of inorganic play.

The company that made six different acquisitions in the last 10 years has now set aside $100 million to acquire capabilities across travel, transportation and logistics spaces. It’s currently in the process of identifying suitable picks across multiple geographies.

As leading user, India most vulnerable

The privacy of more than 5 lakh Indian users of Facebook was compromised by the company which later sold the data to Cambridge Analytica. And it took just 335 Indian Facebook users to do that. The app — mydigitallife — was installed by 335 people in India, which is estimated to be 0.1 per cent of the app’s total worldwide installs.

Facebook on Thursday informed the India government of this breach in its response to a notice issued by the Ministry of Electronics and Information Technology.

BEL clocks a milestone turnover of Rs10,000 cr

Bangalore-based defence PSU major Bharat Electronics (BEL) has achieved the landmark turnover of over Rs 10,000 crore (provisional & unaudited) during fiscal 2017-18, sustaining double-digit growth over the previous year's turnover of Rs 8,825 crore.

Marriott opens 100th hotel, to add 50 more

Marriott International on Tuesday opened its 100th hotel in the country, the Sheraton Grand Bengaluru Whitefield Hotel & Convention Center.

Marriott International president and CEO, Arne Sorenson has announced the opening of the hotel. He will also visit other properties in the company’s portfolio during a week-long visit to India.